ALLEN, Texas, June 23, 2010 (GLOBE NEWSWIRE) — Halo Companies, Inc. (OTCBB:HALN[1]), announced today that Chairman and Chief Executive Officer Cade Thompson was recognized as a finalist for the Ernst & Young Entrepreneur Of The Year® 2010 Award in the Southwest Area- North. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Cade Thompson was selected as a finalist from nearly 65 nominations by a panel of independent judges.

Thompson is a Co-Founder of Halo Companies, Inc. and has a proven record in multiple financial services industries. After earning his Series 7, Series 63, and Life & Health Licenses, he helped build a prospering financial advising agency under the umbrella of the broker dealer, World Group Securities. During the refinance surge at the turn of the decade, he expanded his experience by joining and eventually owning Halo Group Mortgage with the vision to aid Middle America in achieving home ownership.

Over the past 6 years, Halo has continued to expand its family of services to meet growing market demand and is now comprised of 11 subsidiaries that provide a full suite of consumer financial services including debt, mortgage, real estate, credit, loan modification, and insurance. When asked about being a finalist, Thompson stated:

“It’s an honor to be recognized as a finalist in this year’s Ernst & Young Entrepreneur Of The Year program. Halo’s number one mission has always been to help people. I am proud to lead an emerging company that is continuously working toward transforming the consumer financial services industry while remaining true to our core values.”

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 24th anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.